Public Employees Retirement Association of Colorado Cuts Stake in Smith (A.O.) Corporation (AOS)

Public Employees Retirement Association of Colorado cut its position in Smith (A.O.) Corporation (NYSE:AOS) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,146 shares of the industrial products company’s stock after selling 96 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Smith (A.O.) Corporation were worth $1,642,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of AOS. UBS Asset Management Americas Inc. increased its stake in Smith (A.O.) Corporation by 94.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 399,201 shares of the industrial products company’s stock worth $18,903,000 after buying an additional 193,923 shares in the last quarter. Teachers Advisors LLC increased its stake in Smith (A.O.) Corporation by 509.7% in the fourth quarter. Teachers Advisors LLC now owns 485,709 shares of the industrial products company’s stock worth $22,998,000 after buying an additional 406,045 shares in the last quarter. Macquarie Group Ltd. increased its stake in Smith (A.O.) Corporation by 138.4% in the fourth quarter. Macquarie Group Ltd. now owns 58,918 shares of the industrial products company’s stock worth $2,789,000 after buying an additional 34,209 shares in the last quarter. Creative Planning increased its stake in Smith (A.O.) Corporation by 130.9% in the first quarter. Creative Planning now owns 2,949 shares of the industrial products company’s stock worth $151,000 after buying an additional 1,672 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Smith (A.O.) Corporation by 1.8% in the first quarter. Gulf International Bank UK Ltd now owns 44,800 shares of the industrial products company’s stock worth $2,291,000 after buying an additional 800 shares in the last quarter. 74.64% of the stock is currently owned by institutional investors.

Shares of Smith (NYSE AOS) opened at 53.68 on Friday. The stock’s 50 day moving average price is $55.75 and its 200-day moving average price is $53.01. Smith has a 12 month low of $43.66 and a 12 month high of $57.97. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 27.25 and a beta of 1.51.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $0.53 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.53. The company had revenue of $738.20 million for the quarter, compared to the consensus estimate of $729.33 million. Smith (A.O.) Corporation had a return on equity of 22.25% and a net margin of 12.10%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. On average, equities research analysts predict that Smith will post $2.11 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, July 27th. Smith (A.O.) Corporation’s dividend payout ratio (DPR) is currently 28.43%.

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A number of brokerages have recently issued reports on AOS. KeyCorp reaffirmed a “sector weight” rating on shares of Smith (A.O.) Corporation in a research report on Friday, April 28th. They noted that the move was a valuation call. Zacks Investment Research lowered Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC set a $60.00 target price on Smith (A.O.) Corporation and gave the stock a “buy” rating in a research report on Thursday, June 1st. BidaskClub lowered Smith (A.O.) Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Smith (A.O.) Corporation in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $66.80.

In related news, VP James F. Stern sold 25,200 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $54.45, for a total transaction of $1,372,140.00. Following the sale, the vice president now owns 176,583 shares of the company’s stock, valued at approximately $9,614,944.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul W. Jones sold 60,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $54.02, for a total value of $3,241,200.00. Following the sale, the director now directly owns 277,465 shares in the company, valued at approximately $14,988,659.30. The disclosure for this sale can be found here. In the last three months, insiders sold 105,400 shares of company stock worth $5,734,444. 1.27% of the stock is currently owned by company insiders.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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Institutional Ownership by Quarter for Smith (A.O.) Corporation (NYSE:AOS)

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